Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update

Key Points

• Cementos Pacasmayo S.A.A. experienced a significant increase in short interest, rising by 43.9% in September, with a total of 22,600 shares sold short as of September 30th.
• Institutional investor BNP Paribas Financial Markets increased its position in Cementos Pacasmayo by 6.7%, owning 30,110 shares worth $179,000 after acquiring 1,900 additional shares.
• The company declared a special dividend of $0.6018 per share, set to be paid on December 18th, with a record date of November 21st.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 22,600 shares, a growth of 43.9% from the September 15th total of 15,700 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is presently 4.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,110 shares of the construction company's stock after purchasing an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cementos Pacasmayo S.A.A. in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.40.

Cementos Pacasmayo S.A.A. Trading Up 1.3%

Shares of Cementos Pacasmayo S.A.A. stock traded up $0.10 during trading on Thursday, hitting $7.33. The company's stock had a trading volume of 5,602 shares, compared to its average volume of 6,135. The stock has a market cap of $620.94 million, a price-to-earnings ratio of 11.81 and a beta of 0.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.34 and a quick ratio of 0.40. Cementos Pacasmayo S.A.A. has a 52 week low of $5.10 and a 52 week high of $7.50. The stock has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $6.18.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a net margin of 10.51% and a return on equity of 16.60%. The firm had revenue of $135.89 million during the quarter, compared to analyst estimates of $132.73 million. During the same quarter last year, the business earned $0.09 EPS. Equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.6018 per share. The ex-dividend date is Friday, November 21st. Cementos Pacasmayo S.A.A.'s dividend payout ratio (DPR) is presently 80.65%.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company's cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.